GL Technieken
ActiveSummary
The computed 12-month bankruptcy probability of GL Technieken is 2.3% (moderate). The 2024 annual accounts show equity of €106,642 and a net result of €30,448. Equity is growing by ~38% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability80▼-9
Solvency56▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.48 in 2023; short-term debt: 32.6% and cash: 17.8% of total assets), but 68.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
31.2%
Return on assets
8.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
38 d early
2024
36 d early
2023
33 d early
2022
45 d early
2021
22 d late
2020
38 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€106,642▲ 22.3%
2023 · €87,194
Total assets
€341,498▼ 3.0%
2023 · €352,231
Net result
€30,448▼ 47.7%
2023 · €58,212
Working capital
€64,571▲ 13.8%
2023 · €56,762
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€8,123-€36,608▲ 351%€51,026▲ 39.4%€77,354▲ 51.6%€46,103▼ 40.4%
Net result€5,356within the sector's middle half-€24,642within the sector's middle half▲ 360%€34,784above the sector's middle half▲ 41.2%€58,212above the sector's middle half▲ 67.4%€30,448above the sector's middle half▼ 47.7%
Equity€8,756below the sector's middle half-€31,798within the sector's middle half▲ 263%€64,982within the sector's middle half▲ 104%€87,194within the sector's middle half▲ 34.2%€106,642within the sector's middle half▲ 22.3%
Total assets€237,369within the sector's middle half-€272,087within the sector's middle half▲ 14.6%€358,518above the sector's middle half▲ 31.8%€352,231above the sector's middle half▼ 1.8%€341,498above the sector's middle half▼ 3.0%
Debt€228,613-€240,289▲ 5.1%€293,536▲ 22.2%€265,037▼ 9.7%€234,856▼ 11.4%
Working capital-€9,154below the sector's middle half-€4,563within the sector's middle half€44,404within the sector's middle half▲ 873%€56,762within the sector's middle half▲ 27.8%€64,571within the sector's middle half▲ 13.8%
Solvency3.7%below the sector's middle half-11.7%below the sector's middle half▲ 8.0pp18.1%below the sector's middle half▲ 6.4pp24.8%within the sector's middle half▲ 6.6pp31.2%within the sector's middle half▲ 6.5pp
Current ratio0.87below the sector's middle half-1.05below the sector's middle half▲ 0.181.36within the sector's middle half▲ 0.321.48within the sector's middle half▲ 0.121.58within the sector's middle half▲ 0.10
Return on assets (ROA)2.3%within the sector's middle half-9.1%within the sector's middle half▲ 6.8pp9.7%within the sector's middle half▲ 0.6pp16.5%within the sector's middle half▲ 6.8pp8.9%within the sector's middle half▼ 7.6pp
Staff (FTE)2.13▲ 42.9%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 40% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €341,498
Fixed assets
€165,502 ▼ 7.0%
Current assets
€175,996 ▲ 1.0%
Equity and liabilities €341,498
Equity
€106,642 ▲ 22.3%
Debt
€234,856 ▼ 11.4%
Debt's share of the balance-sheet total falls from 75.2% to 68.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61,505▼
2023 · €93,295
Cash flow
€45,850▼
2023 · €74,152
Quick ratio
1.44▲
2023 · 1.43
Debt to equity
2.20▼
2023 · 3.04
ROE
28.6%▼
2023 · 66.8%
Interest coverage
30.17▼
2023 · 42.21
Debt ≤ 1 year
€111,425▼
2023 · €117,439
Debt > 1 year
€123,431▼
2023 · €141,725
Income taxes
€13,053▼
2023 · €16,844
Staff costs
€100,910▲
2023 · €52,181
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €7,918 | €52,181 | €100,910 | ▲ 93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,088 | €12,879 | €15,029 | €15,941 | €15,401 | ▼ 3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,897 | - |
| Other operating charges640/8 | - | €1,004 | €992 | €1,912 | €1,323 | ▼ 30.8% |
| Gross operating margin9900 | €31,180 | €50,491 | €74,965 | €147,387 | €165,634 | ▲ 12.4% |
| Operating profit (loss)9901 | €8,123 | €36,608 | €51,026 | €77,354 | €46,103 | ▼ 40.4% |
| Financial income75/76B | - | €11 | €9 | - | €107 | - |
| Recurring financial income75 | €8 | €11 | €9 | - | €107 | - |
| Financial charges65/66B | - | €1,724 | €2,232 | €2,299 | €2,709 | ▲ 17.8% |
| Recurring financial charges65 | €653 | €1,724 | €2,232 | €2,210 | €2,039 | ▼ 7.8% |
| Non-recurring financial charges66B | - | - | - | €88 | €670 | ▲ 657% |
| Profit (loss) for the period before taxes9903 | €7,477 | €34,894 | €48,802 | €75,055 | €43,502 | ▼ 42.0% |
| Income taxes67/77 | €2,121 | €10,252 | €14,018 | €16,844 | €13,053 | ▼ 22.5% |
| Profit (loss) for the period9904 | €5,356 | €24,642 | €34,784 | €58,212 | €30,448 | ▼ 47.7% |
| Profit (loss) for the period to be appropriated9905 | €5,356 | €24,642 | €34,784 | €58,212 | €30,448 | ▼ 47.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €237,369 | €272,087 | €358,518 | €352,231 | €341,498 | ▼ 3.0% |
| Fixed assets21/28 | €176,747 | €166,468 | €191,120 | €178,029 | €165,502 | ▼ 7.0% |
| Tangible fixed assets22/27 | €176,647 | €166,368 | €191,020 | €177,929 | €165,502 | ▼ 7.0% |
| Land and buildings22 | - | €158,400 | €151,800 | €145,200 | €138,600 | ▼ 4.5% |
| Plant, machinery and equipment23 | - | €400 | - | - | €1,079 | - |
| Furniture and vehicles24 | - | €7,568 | €39,220 | €32,729 | €25,824 | ▼ 21.1% |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | - | - |
| Current assets29/58 | €60,622 | €105,619 | €167,399 | €174,201 | €175,996 | ▲ 1.0% |
| Stocks and contracts in progress3 | €3,749 | €4,249 | €4,249 | €5,680 | €15,360 | ▲ 170% |
| Stocks30/36 | - | €4,249 | €4,249 | €5,680 | €15,360 | ▲ 170% |
| Amounts receivable within one year40/41 | €23,758 | €62,402 | €89,590 | €59,110 | €91,503 | ▲ 54.8% |
| Trade receivables40 | - | €62,402 | €72,919 | €53,087 | €72,533 | ▲ 36.6% |
| Other amounts receivable41 | - | - | €16,670 | €6,023 | €18,970 | ▲ 215% |
| Cash at bank and in hand54/58 | €27,298 | €24,405 | €72,621 | €107,647 | €60,826 | ▼ 43.5% |
| Deferred charges and accrued income490/1 | - | €14,563 | €940 | €1,764 | €8,307 | ▲ 371% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €237,369 | €272,087 | €358,518 | €352,231 | €341,498 | ▼ 3.0% |
| Equity10/15 | €8,756 | €31,798 | €64,982 | €87,194 | €106,642 | ▲ 22.3% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | - | - |
| Reserves13 | €3,756 | €26,798 | €59,982 | €82,194 | €106,642 | ▲ 29.7% |
| Distributable reserves133 | - | €26,798 | €59,982 | €82,194 | €106,642 | ▲ 29.7% |
| Amounts payable17/49 | €228,613 | €240,289 | €293,536 | €265,037 | €234,856 | ▼ 11.4% |
| Amounts payable after more than one year17 | €156,750 | €139,233 | €159,793 | €141,725 | €123,431 | ▼ 12.9% |
| Financial debts170/4 | - | €139,233 | €159,793 | €141,725 | €123,431 | ▼ 12.9% |
| Amounts payable within one year42/48 | €69,776 | €101,056 | €122,995 | €117,439 | €111,425 | ▼ 5.1% |
| Current portion of amounts payable after more than one year42 | - | €10,024 | €17,845 | €18,068 | €18,294 | ▲ 1.2% |
| Trade debts44 | €40,462 | €53,770 | €56,091 | €50,692 | €64,485 | ▲ 27.2% |
| Suppliers440/4 | - | €53,770 | €56,091 | €50,692 | €64,485 | ▲ 27.2% |
| Taxes, remuneration and social security45 | - | €12,878 | €17,701 | €18,079 | €23,546 | ▲ 30.2% |
| Taxes450/3 | - | €12,878 | €16,746 | €16,781 | €9,566 | ▼ 43.0% |
| Remuneration and social security454/9 | - | - | €954 | €1,298 | €13,981 | ▲ 978% |
| Other amounts payable47/48 | - | €24,383 | €31,358 | €30,600 | €5,100 | ▼ 83.3% |
| Accrued charges and deferred income492/3 | - | - | €10,749 | €5,873 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,356 | €24,642 | €34,784 | €58,212 | €30,448 | ▼ 47.7% |
| + Depreciation and write-downs630 | €5,088 | €12,879 | €15,029 | €15,941 | €15,401 | ▼ 3.4% |
| Operating cash flow (approximation) | €10,443 | €37,521 | €49,813 | €74,152 | €45,850 | ▼ 38.2% |
| Investment in fixed assets (approximation) | - | -€2,600 | -€39,680 | -€2,850 | -€2,874 | ▼ 0.8% |
| Change in cash | - | -€2,893 | €48,216 | €35,027 | -€46,821 | ▼ 234% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €106,642 ▲22.3%
5 profitable years in a row build equity to €106,642.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €58,212 ▲67.4%
Operating result €77,354, net result €58,212, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 38 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2019
Ground area
476 m²
Building footprint
119 m²
Volume, LiDAR
739 m³
Parcel 11007A0034/00T007, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GL Technieken
since 20192.296.918.230
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11007A0034/00T007 | Flanders | 476 m² | 1 · 119 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 6,219 EUR awarded · 6,205 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,876 EUR | 1,862 EUR |
| 2024 | 2 | 1,041 EUR | 1,041 EUR |
| 2023 | 2 | 2,207 EUR | 2,207 EUR |
| 2022 | 2 | 1,095 EUR | 1,095 EUR |
Recognitions · licences · registrations
Dual-learning approval
14 live approvals · 2 endedElektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Koelinstallaties duaal (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Show 8 more
Sanitaire en verwarmingsinstallaties duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Technicus installatietechnieken duaal (so)
Technicus koelinstallaties duaal (so)
Vakman installatietechnieken (vwo)
Vakman installatietechnieken (vwo)
Show 2 ended approvals
Monteur centrale verwarming (so)
Sanitair installateur (so)
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Of 7,038 companies in sector 43221 we hold annual accounts for 3,479. 3,069 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43223Specialised construction activities
Contact
E-mail
gl-technieken@gmail.com
E-mail
info@gltechnieken.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738690236
Also
9925:BE0738690236
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.